Merck Awarded $1.4B Insurance Payout over NotPetya Attack

Unsealed court records show pharmaceutical giant Merck was awarded a $1.4 billion payout last month on its property insurance policy, for losses the company suffered because of the 2017 NotPetya cyberattacks.

Merck’s cyber-insurance company, International Indemnity, was claiming the losses fell under the “War or Hostile Acts” exclusion. That’s because in Oct. 2020, the U.S. Department of Justice charged six Russian nationals with the NotPetya attacks with alleged ties to Russian military intelligence.

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Source: ThreatPost